Diebold Nixdorf (NYSE:DBD) Upgraded to “Buy” at StockNews.com

Diebold Nixdorf (NYSE:DBD) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Several other research analysts also recently commented on the stock. DA Davidson lifted their target price on shares of Diebold Nixdorf from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Wedbush restated an “outperform” rating and issued a $60.00 price target on shares of Diebold Nixdorf in a research report on Thursday, February 13th.

Diebold Nixdorf Stock Performance

Shares of DBD opened at $43.84 on Wednesday. The company has a market capitalization of $1.65 billion, a PE ratio of -99.64 and a beta of 1.90. Diebold Nixdorf has a one year low of $30.37 and a one year high of $51.81. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.32 and a quick ratio of 0.90. The company’s fifty day moving average price is $43.72 and its 200 day moving average price is $44.17.

Diebold Nixdorf (NYSE:DBD) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.25). Diebold Nixdorf had a positive return on equity of 14.28% and a negative net margin of 0.44%. As a group, analysts expect that Diebold Nixdorf will post 4.59 earnings per share for the current year.

Diebold Nixdorf announced that its board has initiated a stock repurchase program on Wednesday, February 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Emanuel R. Pearlman sold 2,000 shares of Diebold Nixdorf stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $43.68, for a total transaction of $87,360.00. Following the sale, the director now directly owns 40,000 shares in the company, valued at approximately $1,747,200. The trade was a 4.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.04% of the company’s stock.

Institutional Trading of Diebold Nixdorf

Several institutional investors have recently made changes to their positions in DBD. Sterling Capital Management LLC boosted its position in shares of Diebold Nixdorf by 821.6% during the 4th quarter. Sterling Capital Management LLC now owns 811 shares of the technology company’s stock valued at $35,000 after acquiring an additional 723 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new stake in shares of Diebold Nixdorf during the 4th quarter valued at about $82,000. Vestcor Inc acquired a new stake in shares of Diebold Nixdorf during the 4th quarter valued at about $119,000. BNP Paribas Financial Markets acquired a new stake in shares of Diebold Nixdorf during the 4th quarter valued at about $132,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Diebold Nixdorf during the 4th quarter valued at about $146,000. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Diebold Nixdorf Company Profile

Diebold Nixdorf, Incorporated engages in the automating, digitizing, and transforming the way people bank and shop worldwide. It operates through two segments, Banking and Retail. The company offers cash recyclers and dispensers, intelligent deposit terminals, teller automation tools, and kiosk technologies, as well as physical security solutions; and front-end applications for consumer connection points and back-end platforms that manage channel transactions, operations and integration, and facilitate omnichannel transactions, endpoint monitoring, remote asset management, customer marketing, merchandise management, and analytics.